Month June July August Units Produced Maintenance Cost $ 10,900 13,800 10,200 12,000 13,800 16,200 7,200 Using the high-low method, the variable component of its maintenance cost is: September October November December Multiple Choice 180 360 240 300 420 480 120 $30.00 per unit. O $25.00 per unit. $22.50 per unit. $16.11 per unit. $22.00 per unit.

Month June July August Units Produced Maintenance Cost $ 10,900 13,800 10,200 12,000 13,800 16,200 7,200 Using the high-low method, the variable component of its maintenance cost is: September October November December Multiple Choice 180 360 240 300 420 480 120 $30.00 per unit. O $25.00 per unit. $22.50 per unit. $16.11 per unit. $22.00 per unit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please do not give solution in image format
Zachary Company's cost and production data for two recent months included the following: April 1,100 $1,200 $ 978 Production (units) Rent Utilities Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. March 900 $1,200 $ 800 Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) Rent cost per unit Utility cost per unit March April
Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on. Below are the costs and volumes for the past six months at its Plant number 6: Kirby Fasteners Plant Number 6 January to June Results Volume (Units) 11,100 10,040 13,370 13,900 11,900 11,680 Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. b. Kirby analysts forecast a production level of 12,100 units in July. Based on the results from requirement (a), what would be the estimated production costs in July? Total Cost $ 196,900 187,795 222,400 235,080 214,555 211, 212 Complete this question by entering your answers in the tabs below. Required A Variable cost Fixed cost Required B Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. (Round "Variable cost" answer to 2 decimal places.)
Electronio ExperGecupancy Percentage 62 Month January April August 6,200 6,600 68 7,200 78 December 5,500 50 Jsing the highllow two point method to: 1 Determine the variable cost per 1poercent of occupancy 2 Estimate the fixed costs per month 3 What is the estimated total electric expense at 62 pecent of ocoupancy? ANSWER Month Electronic Expenses Oooupanoy Percentage High August 7,200 78 Low December 5,500 50 Difference 1,700 28 1 Variable cost per 1% of ocoupanoy = 61 2 Total variable cost of electric expense for December = Total fixed cost of electric expense for December = 3,035.71 2,464.29 Total variable cost of electric expense for August = Total fixed cost of electrio expense for August = 4,735.71 2,464.29 3 Using the fixed cost for December as the total fixed cost for estimation Total variable cost of electric expense at 62%. oooupancy = Total fixed oost of electric expense at 62% occupanoy Estimated total electric expense at 62% occupancy =
Answer
Need answer the question
None
Sunland Company used high and low data from June and July to determine its variable cost of $12 per unit. Additional information follows: Month June July Units produced 1700 O $1275 1500 Total costs $21600 O $19200 O $30200 $31400 If the company produces 1600 units in August, what is its expected total cost? 29000
Answer
High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $297,360 1,540 units February 379,960 2,880 March 462,560 4,340 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2